4//SEC Filing
LEITCH BRUCE THOMAS 4
Accession 0001273031-04-000001
CIK 0001067286other
Filed
Apr 26, 8:00 PM ET
Accepted
Apr 27, 8:35 PM ET
Size
9.0 KB
Accession
0001273031-04-000001
Insider Transaction Report
Form 4
LEITCH BRUCE THOMAS
Other
Transactions
- Conversion
Common Stock
2004-04-23+20,178,007→ 20,195,007 total - Conversion
10% Convertible Notes
2004-04-23$20000.00/sh−20,000$400,000,000→ 76,490 totalExercise: $0.00From: 2003-01-06Exp: 2005-12-31→ Common Shares (20,178,007 underlying)
Footnotes (3)
- [F1]Mr. Leitch acquired 10% convertible notes (the "Notes") in the principal amount of $90,000 and $6,490 on Jan. 6, 2003 and Feb. 14, 2003, respectively, from Cool Can Technologies, Inc. (the "Company") in consideration of amounts owed by the Company to Mr. Leitch. On Apr. 23, 2004, Mr. Leitch received 20,178,007 shares of common stock upon conversion of $20,000 of the principal amount owing on the Notes held by Mr. Leitch. This amount includes 178,007 shares issued to Mr. Leitch in consideration of interest owed on the convertible notes to Apr. 23, 2004.
- [F2]The Notes bear interest at a rate of 10% per annum subject to any adjustments in accordance with the terms of the Notes. The Notes are convertible at the lesser of $0.001 or 50% of the average trading price of the Company's stock for the 10 trading days preceding the date of conversion. The Company may, at its option, elect to pay interest on the Notes by the issuance of shares of its common stock, the number of which will be determined by dividing the amount of the interest payment by the number which is 70% of the average market price of the Company's common shares for the 10 trading days immediately prior to the interest payment date.
- [F3]Based on the trading price of the Company's shares as of April 23, 2004.
Documents
Issuer
COOL CAN TECHNOLOGIES INC/CA
CIK 0001067286
Entity typeother
Related Parties
1- filerCIK 0001273031
Filing Metadata
- Form type
- 4
- Filed
- Apr 26, 8:00 PM ET
- Accepted
- Apr 27, 8:35 PM ET
- Size
- 9.0 KB